While a United Nations report, released last month, lobbies for countries to invest in renewable energy sources over natural gas, Guyanese stakeholders insist that the government remain steadfast in realising its agenda for a gas-led energy mix.
In fact, financial...
The US$30 million (GY$6 billion) Nismes wharf and laydown yard development, conceptualised by GAICO Construction and General Services Inc. is expected to be operational from January 2023. This is according to GAICO’s Managing Director, Komal Singh.
The facility will serve as the land base from which pipeline laying for the Gas-to-Energy project could progress.
Singh has described the project as...
French multi-energy company, TotalEnergies, has joined the ranks of other oil majors recording massive profits for the third quarter of 2022. Its executives reported this week that earnings jumped by more than 40% to US$6.6 billion in Q3. In...
A new Materials Offloading Facility (MOF) and heavy haul road are set to be built on the West Bank of Demerara to complement the construction of Guyana’s Natural Gas Liquids (NGL) Facility and Power Plant for the Gas-to-Energy project...
Local oil and gas consulting company – Excel Guyana – has expanded its portfolio with a new Marine and Offshore Services Division to be headed by Steve Sinanan, considered a veteran in the industry.
This new addition, according to Excel’s...
Phoenix Development Company and Suriname’s Port Management Company, N.V. Havenbeheer, have teamed up to build a mega Deep-Water Port and Special Economic Zone – Port of Nickerie – in Suriname, with projected investment of approximately US$5.4 billion.
With several oil...
The largest shore base in South America’s newest oil and gas hotspot, Guyana Shore Base Inc. (GYSBI), and its sister company, Sustainable Environmental Solutions (SES), on October 19 had their Local Content Master Plans approved by the Ministry of...
Encompassing two offshore gas compression complexes in Qatar, Italian oilfield services company Saipem said on Wednesday it has been awarded the largest single offshore contract by total value in its history. The agreement was made with Qatargas for the North...
“It’s probably the best package we have ever seen in Trinidad.”
Those were the comments from the Chief Executive Officer (CEO) and President of Trinidad’s Touchstone Exploration, Paul Baay as he signalled the company’s interest in grabbing up at least...
Equinor said first oil was produced at the Peregrino Phase 2 project on October 10 at 20:00 local time, using the Peregrino C platform.
The project consists of the new platform with drilling facilities and living quarters tied into the...
